GCLN ETF — Holdings & Analysis

The Goldman Sachs Bloomberg Clean Energy Equity ETF (GCLN) is an equity ETF with $0.01 billion in assets under management and an expense ratio of 0.45%.

GCLN seeks to provide exposure to companies expected to significantly impact energy decarbonization, tracking an index focused on clean energy. The fund invests at least 80% of its assets in securities included in its underlying index, or depositary receipts representing those securities, offering a targeted approach to the clean energy sector.

Goldman Sachs Bloomberg Clean Energy Equity ETF (GCLN) ETF — Price, Holdings & Analysis

The Goldman Sachs Bloomberg Clean Energy Equity ETF (GCLN) is an equity ETF with $0.01 billion in assets under management and an expense ratio of 0.45%. GCLN seeks to provide exposure to companies expected to significantly impact energy decarbonization, tracking an index focused on clean energy. The fund invests at least 80% of its assets in securities included in its underlying index, or depositary receipts representing those securities, offering a targeted approach to the clean energy sector.

ETF Overview

The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to companies that are expected to have a significant impact on energy decarbonization through their exposure to clean energy.

GCLN aims to capture the performance of companies involved in the clean energy transition. It achieves this by investing in securities included in its underlying index, focusing on companies expected to have a significant impact on energy decarbonization. The fund's top holdings include companies like Tesla Inc (6.14%), Iberdrola SA (5.10%), and NextEra Energy Inc (4.85%), reflecting a mix of renewable energy producers and related technology providers. With a significant allocation to Utilities (64.5%) and Industrials (15.9%), GCLN provides exposure to the infrastructure and manufacturing aspects of the clean energy sector. The fund's country exposure is primarily to the United States (59.2%), with a significant portion in other countries (37.5%) indicating a global approach to clean energy investments. GCLN may be suitable for investors seeking targeted exposure to the clean energy sector through a diversified portfolio of companies involved in energy decarbonization.

Risk Metrics

GCLN's concentration in the utilities sector (64.5%) presents a sector-specific risk, as the fund's performance is heavily reliant on the performance of utility companies. The fund's top 10 holdings constitute a significant portion of its assets, indicating concentration risk within its portfolio. With a 0.45% expense ratio, GCLN's cost could slightly detract from overall returns, especially when compared to lower-cost alternatives. The fund's beta is currently 0.00, indicating it has not exhibited significant volatility relative to the market, but this may change over time. Past performance does not guarantee future results.

Expense Ratio

0.45%

What does GCLN hold?

Holding	Weight
Tesla Inc (TSLA)	6.14%
Iberdrola SA (IBE.MC)	5.10%
NextEra Energy Inc (NEE)	4.85%
Enel SpA (ENEL.MI)	4.12%
Contemporary Amperex Technology Co Ltd Class A (300750.SZ)	3.32%
Public Service Enterprise Group Inc (PEG)	3.13%
BYD Co Ltd Class H (01211)	2.66%
GE Vernova Inc (GEV)	2.50%
Duke Energy Corp (DUK)	2.46%
Edison International (EIX)	2.30%

How Is the Fund Allocated?

Sector	Weight
Utilities	64.5%
Industrials	15.9%
Consumer Cyclical	10.7%
Technology	6.3%
Basic Materials	2.2%
Energy	0.3%

Country	Weight
Other	37.5%
Hong Kong	3.3%
United States	59.2%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

Goldman Sachs Innovate Equity ETF (GINN) (Equity) — 0.50% expense ratio
Goldman Sachs Future Real Estate and Infrastructure Equity ETF (GREI) (Equity) — 0.75% expense ratio
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) (Equity) — 0.59% expense ratio
Goldman Sachs Future Consumer Equity ETF (GBUY) (Equity) — 0.75% expense ratio
Goldman Sachs Future Planet Equity ETF (GSFP) (Equity) — 0.75% expense ratio
Goldman Sachs India Equity ETF (GIND) (Equity) — 0.75% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is GCLN and what does it track?

The Goldman Sachs Bloomberg Clean Energy Equity ETF (GCLN) is an exchange-traded fund that aims to provide investment results that closely correspond to the performance of its underlying index.

What is the expense ratio for GCLN?

The expense ratio for GCLN is 0.45%. This means that for every $10,000 invested in the fund, $45 is deducted annually to cover operating expenses.

While this is not the lowest expense ratio available in the equity ETF category, it is important to consider the fund's specific investment strategy and potential returns when evaluating its overall cost-effectiveness. The expense ratio will impact the net return to investors over time.

What are the top holdings in GCLN?

As of 2026-03-15, the top holdings in GCLN include Tesla Inc (6.14%), Iberdrola SA (5.10%), and NextEra Energy Inc (4.85%).

These holdings represent a significant portion of the fund's assets and reflect its focus on companies involved in clean energy and related technologies. Other notable holdings include Enel SpA (4.12%) and Contemporary Amperex Technology Co Ltd Class A (3.32%).

Is GCLN a good long-term investment?

Evaluating GCLN as a long-term investment requires careful consideration of its investment strategy, risk profile, and the overall outlook for the clean energy sector.

The fund's focus on companies expected to have a significant impact on energy decarbonization positions it to potentially benefit from the long-term growth trends in renewable energy.

How does GCLN compare to similar ETFs?

GCLN differentiates itself through its specific index and stock selection methodology, focusing on companies expected to have a significant impact on energy decarbonization. Its expense ratio is 0.45%.

Other clean energy ETFs may have different expense ratios, asset allocations, or investment strategies.

Does GCLN pay dividends?

As of 2026-03-15, GCLN has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders. Investors seeking income-generating investments may want to consider other ETFs with a higher dividend yield.

However, GCLN's focus on growth-oriented companies in the clean energy sector may prioritize capital appreciation over dividend payments.